ASX All Ordinaries Gold Index Constituents: ASX:ALK ASX:EVN ASX:GOR ASX:NCM ASX:NST ASX:PRU ASX:RMS ASX:RSG ASX:SBM ASX:SLR ASX:WAF ASX:WGX
I don't have much to say about this chart, other than it looks bullish
XAUAUD - This has to be the most telling of all sorties of all. While everyone continues to pile into trendy tech stocks operating in crowded consumer markets, harbouring astronomical debts, that make no profit, with PE ratios higher then Cheech and Chong. At the same time the unloved boring gold sector with low PE ratio businesses, no debt, free cash flow and...
Australian precious metals stocks appear to have double-bottomed on top of their previous slow uptrend channel. A further pullback in the gold price to the USD$1450 area (38.2%) will probably lead to the XGD retesting its current lows, but given the bearish look of the S&P500, this scenario is unlikely to last long.
I stumbled on this using the Tradingview cycle pattern tool and it seems to be a valid cycle although I don't know how long this cycle of bottoms and tops will continue. The next one is set for Oct 8. The only problem is I can't figure out if the next cycle date will be a top or a bottom. I guessed on the last one and made a 8.5% profit using HGU (2x ETF for...
Excellent set up here. Broke over the double top trend line, back tested the trend line and now seems to be curling back up. Lots of room to run. Trigger at 0.77 with no much over head resistance since november 2017.
Nice set up here in this resource stock. Watching for confirmation of bounce on fresh uptrend start.. 4.65 good buy taget, with an add over 6.